Buyer Protect Buyer Protect Reimbursement Reimbursement SchemeScheme
411815 Tel: 0845 Web: 2411815 www.buyerprotect.co.uk Web: www.buyerprotect.co.uk Email: info@searchesuk.co.uk Email: info@searchesuk.co.uk
Buyer Protect Buyer Reimbursement Protect Reimbursement Scheme Scheme Moving home is often Moving perceived home as one is often of the perceived most stressful as oneevents of the most in someone’s stressful life. events in someone’s life.
Today more than ever,Today the process more than of moving ever, the home process requires of moving significant home capital requires outlay significant and sometimes capital outlay through and nosometimes fault of your through own things no fault canofgo your o wrong, potentially meaning wrong,you potentially could well meaning be significantly you couldout well of be pocket. significantly out of pocket.
As well as the cost ofAs purchasing well as the a property, cost of purchasing there are associated a property, costs there that are associated form part ofcosts this process. that formYou partwill of need this process. to pay your You solicitor will needfor to apay y
number of searches, arrange number for of searches, a survey on arrange the property, for a survey plus on there themay property, be non-refundable plus there mayfees be non-refundable payable to yourfees mortgage payable lender to your such mortga as mortgage arrangement, as mortgage product arrangement, and bookingproduct fees. and booking fees.
As a benefit of your solicitor As a benefit processing of youryour solicitor orders processing through Searches your orders UKthrough this unique Searches scheme UKwill this beunique offeredscheme to you. will Please be offered requesttothat you. Please this scheme is added this to your scheme orderisotherwise added to you yourwill order not otherwise be covered you bywill thisnot protection. be covered by this protection.
Our reimbursement scheme Our reimbursement will protect some scheme of the willassociated protect some costs of that the associated you may incur costs when thatpurchasing you may incur a property when purchasing should the apurchase property fall should through.
through.
Maximum reimbursement Maximum amounts: reimbursement amounts:
Up to £500 in non-refundable, Up to £500 inmortgage non-refundable, mort lender arrangement lender fees,arrangement mortgage fees, mortgage broker fees, product broker and fees, booking product fees and booking fe
Up to £750 in valuation Up to £750 fees in valuation fees (homebuyer, structural (homebuyer, surveysstructural etc.) surveys etc. Up to £800 in solicitor’s Up to £800 fees in solicitor’s fees and disbursementand costs disbursement costs
We will reimburse We you willif reimburse you decideyou notiftoyou proceed decidewith not the to proceed purchase with forthe thepurchase following for reasons: the following reason
The mortgage lenders The mortgage survey orlenders valuation survey on the or valuation property identifies on the property that rectification identifies that workrectification needs to bework
carried out, the cost carried of which out, the exceeds cost of5% which of the exceeds sum you 5%have of the originally sum youoffered have originally or valuesoffered the property or values
at less than 90%atofless the than sum 90% you have of theoffered sum you for have the property offered and for the which property has been and which accepted. has been accep
The mortgage lender The mortgage applies a lender retention applies on the a retention mortgageon forthe themortgage property and for the thisproperty figure exceeds and this5% figure of the sum you have of theoffered sum you andhave which offered had originally and which been hadaccepted. originally been accepted.
The property sustains The property damagesustains during the damage periodduring between the offer period and between exchange offerofand contracts exchange where of contrac the
A Local AuthorityAsearch Local Authority highlightssearch that the highlights propertythat is: the property is:
total cost of rectification total costwork of rectification exceeds 5% work of the exceeds property 5%value. of the property value.
a. c.
The subject ofa.a compulsory The subject purchase of a compulsory order; purchase b. order; In a flood plain; b. In a flood plain; On contaminated c. land; On contaminated or, land; or, d. Over a miningd.area;Over a mining area;
and you decidedand not you to proceed decidedwith not the to proceed purchase with of the purchase property. of the property.
You or the person You who or the is buying personthe who property is buying withthe you: property die andwith theyou: survivor die and is unable the survivor or unwilling is unable to o
continue with the continue purchase; with are the given purchase; noticeare of given redundancy notice and of redundancy you are unable and you or unwilling are unable to or
continue with thecontinue purchase; with are the given purchase; notice are of relocation given notice andofyou relocation are unable andor you unwilling are unable to continue or unwilling
with the purchase; with or,the youpurchase; are diagnosed or, youwith areadiagnosed terminal illness with aand terminal are unable illnessor and unwilling are unable to continue or unwillin with the purchase. with the purchase.
otect Buyer Reimbursement Protect Reimbursement Scheme Scheme
perty is withdrawn The property from is sale withdrawn by the from vendor sale due by to thereasons vendor beyond due to reasons your control. beyond your control.
ndor receives The vendor and accepts receives an offer and accepts from another an offer buyer, fromwhich another is abuyer, minimum which of is £1,000 a minimum greaterof £1,000 greater
e offer they than previously the offer accepted they previously from you accepted and you from areyou not and prepared you are to increase not prepared your to offer. increase your offer.
dor is not The legally vendor entitled is nottolegally sell the entitled property to sell or to the transfer property interest or to transfer in the property interesttoinyou. the property to you. few circumstances There are a fewhowever circumstances where we however will notwhere reimburse we will you, notthese reimburse are: you, these are:
he aforementioned • If one ofevents the aforementioned happened before events we are happened instructed. before we are instructed. subject to • aIfcontracts you are subject race, auction to a contracts or sealed race, bids.auction or sealed bids. buying a• mobile If youhome, are buying caravan a mobile or anyhome, other type caravan of non-permanent or any other type dwelling. of non-permanent dwelling.
hdraw from • the If you purchase withdraw of the fromproperty the purchase for reasons of theother property thanfor those reasons specifically other than covered thosebyspecifically this guarantee. covered by this guarantee.
berately •andIfknowingly you deliberately cause and a delay knowingly or behave cause in aamanner delay orthat behave results in ainmanner the failed that purchase. results in the failed purchase.
chase has • not If the exchanged purchase within has not 12 months exchanged of being withinregistered 12 months with of us. being registered with us.
aware of• a previous If you aresurvey awarehaving of a previous been carried surveyout having to thebeen property carried upout to 90 to the daysproperty prior to up thetostart 90 days date,prior that may to thegive start date, that may give the purchase cause to fail. for the purchase to fail. aware, prior • Iftoyou theare start aware, date,prior of any to circumstances the start date, of which any could circumstances lead to a which claim being could made lead tounder a claim thisbeing guarantee. made under this guarantee.
u can be• reimbursed Where you bycan yourbeemployer reimbursed or obtain by your a refund, employer from or the obtain lender a refund, or solicitor. from the lender or solicitor.
ot reimburse • We a mortgage will not reimburse arrangement a mortgage fee if youarrangement still use the fee newly if you arranged still usemortgage the newlyonarranged the next mortgage purchase.on the next purchase.
e of redundancy • In thewe case willof not redundancy reimburse we youwill if you notare reimburse self-employed, you if you if you are have self-employed, taken voluntary if you redundancy have taken voluntary or if you redundancy or if you
mpany director areorapartner company of the director company or partner givingofnotice the company of redundancy. giving notice of redundancy.
ot reimburse • We youwill if you notprovide reimburse false you or iffraudulent you provide information false or fraudulent to us. information to us.
his is only Please a summary note this of the is only terms a summary of our guarantee; of the terms please of our refer guarantee; to the fullplease guarantee referwording to the full to guarantee read all thewording terms to read all the terms s of our and guarantee. conditions of our guarantee.
akeHow a claim to make a claim
e event In the thatunfortunate you need toevent makethat a claim you need please to visit make www.searchesuk.co.uk/content/claims a claim please visit www.searchesuk.co.uk/content/claims
ully complete You will need the online to fullyform complete and upload the online any documents form and upload requested. any documents We will review requested. your claim We will review your claim
days within and if 7successful working days payment and ifwill successful be sent to payment you within will 10 be working sent to you days within thereafter. 10 working days thereafter.
This policy is not an policy forProtect consumers; Buyer for Protect is ayour benefit for you, as your solicitorUK is as using insurance forinsurance consumers; Buyer is a benefit you, as solicitor is using Searches the Searches UK as the
and we will only be able to reimburse yougenuine if you can provide genuine documents to substantiate the losses. ier andSearch we willSupplier only be able to reimburse you if you can provide documents to substantiate the losses.
ialsTestimonials
house 'Wepurchase had two house disasters purchase within disasters the spacewithin of 7 months. the space Theoffirst 7 months. propertyThe was first found property to have was found to have cturala issue majorand structural the second issue property and the second fell through property whenfell thethrough vendorwhen decided the not vendor to move. decided On both not to move. On both chases of these we had purchases paid out we for had surveys, paid searches, out for surveys, mortgage searches, administration mortgagecosts administration and legal costs. costs and legal costs. K quickly Searches and efficiently UK quicklyprovided and efficiently us withprovided refunds of usour withcosts refunds on both of our ofcosts theseon purchases. both of these We purchases. We ost would severalhave thousand lost several pounds thousand without their pounds buyer without protection. their buyer I can'tprotection. recommend I can't them recommend enough. them enough. rilliant' Absolutely brilliant'
ervice. ‘First I would class be service. happyI would to recommend be happythe to recommend service to anyone.’ the service to anyone.’
Tel: 0845 2411815 Tel: 0845 2411815 Web: www.searchesuk.co.uk Web: www.searchesuk.co.uk Email: info@searchesuk.co.uk Email: info@searche